Ballantyne Strong (NYSEAMERICAN:BTN) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Ballantyne Strong, Inc (NYSEAMERICAN:BTNGet Rating) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.21. Ballantyne Strong shares last traded at $2.19, with a volume of 22,957 shares changing hands.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Ballantyne Strong from a “c” rating to a “d+” rating in a research report on Wednesday, August 3rd.

Ballantyne Strong Stock Down 1.8 %

The firm has a market capitalization of $41.79 million, a P/E ratio of 2.30 and a beta of 1.20.

Insider Transactions at Ballantyne Strong

In related news, major shareholder Fundamental Global Gp, Llc bought 94,574 shares of the stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $340,466.40. Following the completion of the purchase, the insider now owns 5,615,655 shares in the company, valued at $20,216,358. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 32.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in Ballantyne Strong by 18.7% during the 1st quarter. State Street Corp now owns 32,123 shares of the consumer goods maker’s stock valued at $99,000 after acquiring an additional 5,059 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ballantyne Strong by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 756,919 shares of the consumer goods maker’s stock worth $2,331,000 after buying an additional 12,149 shares in the last quarter. Gator Capital Management LLC raised its stake in shares of Ballantyne Strong by 204.6% in the 1st quarter. Gator Capital Management LLC now owns 35,133 shares of the consumer goods maker’s stock worth $108,000 after buying an additional 23,600 shares in the last quarter. Finally, Shufro Rose & Co. LLC grew its holdings in shares of Ballantyne Strong by 303.8% in the 1st quarter. Shufro Rose & Co. LLC now owns 60,563 shares of the consumer goods maker’s stock worth $187,000 after acquiring an additional 45,563 shares during the last quarter. Institutional investors and hedge funds own 17.59% of the company’s stock.

Ballantyne Strong Company Profile

(Get Rating)

Ballantyne Strong, Inc operates in the entertainment industry worldwide. The company manufactures and distributes projection screens and customized screen support systems directly, as well as through third-party distributors and integrators. It also distributes other products and provides technical support services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets.

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